Federal Reserve Governor Christopher Waller believes stablecoins could help extend the U.S. dollar’s reach globally. Waller calls for a regulatory framework that allows banks and

Federal Reserve Governor Christopher Waller has emphasized the potential of stablecoins to expand the reach of the US dollar.

The chair of the US Fed Board’s payments subcommittee, Christopher Waller, says he supports regulated stablecoins to help cement the US dollar as a reserve currency.

Federal Reserve Governor Christopher Waller said stablecoins have the potential to “maintain and extend” the international role of the dollar, though their rise or fall will depend on solid business use cases and a harmonized set of rules.